THE SCOPS ARTS TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £11,991,957, which the trustees consider adequate to continue in operational existence for the foreseeable future. The charity reported a net surplus of £767,208 for the year, driven by investment gains of £613,670, while total expenditure amounted to £327,166. The trustees have identified no material risks to the viability of the Trust at this time.
What the accounts disclose
“Free cash reserves will be held in Scops’ Bank Account to cover 12 months running costs of Scops and short- term grant commitments not planned to be met from anticipated regular investment income.” — page 6
Structured financials (annual return, FY ending 31/12/2021)
Trustees
- Christopher Arnoldchair
- Barbara Arnold
- Justin James Peter Kitson
- NICHOLAS SALISBURY
- Sarah Louise Cowper
- Sophie Fuller
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £481k | £327k |
| 31/12/2023 | £271k | £584k |
| 31/12/2022 | £264k | £786k |
| 31/12/2021 | £727k | £719k |
| 31/12/2020 | £12.2m | £760k |
Common questions
Is THE SCOPS ARTS TRUST financially healthy?
The accounts state that the charity holds unrestricted reserves of £11,991,957, which the trustees consider adequate to continue in operational existence for the foreseeable future. The charity reported a net surplus of £767,208 for the year, driven by investment gains of £613,670, while total expenditure amounted to £327,166. The trustees have identified no material risks to the viability of the Trust at this time. Its FY2024 accounts were audited by CT Audit Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GATSBY CHARITABLE FOUNDATION | 1 | £26.0m |
| THE ARDEOLA CHARITABLE TRUST | 1 | £150k |
| INTERNATIONAL GUITAR FOUNDATION & FESTIVALS | 1 | £5k |